KHADIJATUL KUBRA (R.A) EDUCATION TRUST Charity Registration Number: 1137162 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REPORTING ACCOUNTANTS: AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA TEL. 020 7790 6111 Page 1 of 12
KHADIJATUL KUBRA (R.A) EDUCATION TRUST FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Pages Information of financial Statements Report of the Executive COMIlttee Statement of responsibilities of the Cornmittee". Independent Examinerfs Report Income and Expenditure Accounts Statement of Assets and Liabil.es 10 Notes to the Accounts 11-12. Page2 of 12
KHADIJATUL KUBRA (R.A) EDUCATION TRUST FOR THE YEAR ENDED 31 MARCH 2024 MANAGEMENT COMMITTEE CHAIR PERSON MrAbdul Karim GENERAL SECRETARY Mr Burhan Uddin TREASURER Mr Mansur Hasan ADDRESS 71 Blen Helm Road London E6 3EG BANKER HSBC BANK PLC INDEPENDENT EXAMINER AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA TEL: 020 7790 6111 Chari s Trustees: Mf Abdul Kanm Mr Burhan Uddin Mr Mansur Hasan Mrs Zaynob Parveen Mr Mahbub Husnain Mr Mahmud Hussein Mr Humayun Raja Page 3 of 12
KHADIJATUL KUBRA (R.A) EDUCATION TRUST REPORT OF THE EXECUTIVE COMMlffEE FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and financial statements for the year ended 31 March 2024. The Truste¢s have adopted the provisions of the Statement of Recolnmended Practice (SORP) Accounting and Reporting by Charities issued in 2005 in preparing the annual report and financial statements of the Charity. Legal Status: Charity: Registered with the Charity commissio Charity Number: 1137162 Objects, Principal Activities and Organisation of the Charity The Charity was established wAth aims & objectives as follows: To promote th¢ benefits of the Bangladeshi inhabitants living in England and Bangladesh the following charitable purposes= a) To Prevent or relief of poverty in the UK and intemationally by providing or assisting in the provision of Education, Training. Healthcare projects and all the necessary grants, itelns and services to individuals in need to relieve poverty. b) To advan0¢ the Islamic Religion for the benefit of the public through the holding of prayer meetings, Lectures. Teachin& producing and distributing literature to enlighten others about the Religion. Page4 of 12
KHADIJATUL KUBRA (R.A) EDUCATION TRUST REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 MARCH 2024 Organisation: A Management Committee, the members of whith are the trustees manages the affairs of the charty The Management Committee manages the business of the charity induding the pawng of all expenses Trustees: Trustees, who are all members of the executive committee, and who served during the year are set out on page 3. The trustees are elected at the Annual GeneraI Meeting, for membership of the Executive Committee and serve until the end of the next Annual General Meeting, where they can stand for re- election as members of the new Executive Committee. Trustees responsibilities in relation to the fRnancial statements The committee or Trustees are requÉred by charitys law to prepare financial statements for cach financial year which give a true and fair view of the fmancial activities of the charity and of its financial position at the end of that year. In preparing those financial statements the Trustees are required to: The Trustees are responsible for preparing the Trustees Annual Report and the Financial Ststements in accordan wth applicable law and regulations and Unrted Kingdom Accounbng Standards (United Kingdom Generally Apted Accounting Practi1. The law applicable to charth'es in England and Wales fequires the Trustees to prepare Finanaal Statements for each finanaal year which give a true and fair view of the state of affairs of the chartty and of the incoming resources and application of reSoUrS of the charity for that period. In pparIng these Finanual Statements. the Trustees are reqUId to". Select suitable accounts'ng policies and then apply them consistentFy." Observe the methods and prinaples in Ihe Charities SORP.. Make judgements and accounting estr"mates ihal are reasonable and prudent Prepare the Financtal Statements on the going concem basis unless It is inappropriate to presume that the chanty wll conb.nue in operation The Trustees are responsible for keeping proper accounting records that disdose wth reasonable accuracy at any time the financial posib.on of the charity and enable them to ensure thal the Financial Statements comply wrth the Charities Act 2011. The Charity {Accounts and Reports) Regulabons 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of Ihe chanty and hence for taking reasonable steps for the prevention and detection of fraud and other irregulartties VOLUNTEERS: The Trustees wish to record their appath-On on behalf ofthe Charity and community for the volunteers who . assist in the smooth running of the Charity and are crits.cal in helping to keeps the running costs down RISK REVIEW: The Trustees have conducted their own review of the major risks to vthith the Charity is exposed and steps have been initiated to minimise the idenb.fied nsks. Al funcb"on5 of the Charity are subjected to periodic review resulting in a process of ongoing improvement. All staff and volunteers are trained and have all the required statutory and regulatory dearanS required. Page 5 of 12
KHADIJATUL KUBRA {R.A) EDUCATION TRUST REPORT OF THE EXECUTWE COMMirrEE FOR THE YEAR ENDED 31 4RCH 2024 SERIOUS INCIDENTS AND EXCEPTIONS: The Trustees are pleased to note. that there were no inadents which gave rise to the need for the Trustees to lodge a Serious Incident Report wilh the Charity Commission. Furthermore, there were no ExptionS recorded and which gave nse to the need for the Trustees lo record on the Charity's Excepbons, Register. RELATED PARTY TRANSACTIONS: During the year the Charrty was under the control of Trustees and Management Committee members as listed above. This report, which has been prepared in accordance with the special provisions of Part 15 of the Companies Act 20[ applicable lo small companies. No members of the management committee reiVed any remunerats.on during the year. No trustee or other person related to the charity had any Peonal interest in any contract or transaction entered into by the charity during the year. Reserve Policy It is the policy of the charity that unresth'cted funds, which have not been designated for a specific use. should be maintained at a level equivalent to its expenditure. The Trustees consider that reseNes at this level will ensure that, in the event of a significant drop in funding. They will be able to conts'nue the charitys current activities while considerabon is given to ways in which addib.onal funds may be raised. The Centre will ath.vely work to achieve this level of reserves. INDEPENDENT EXAMINER According to the provisions of the Charities Act 2008 and updated 2011, the Committee has agreed that and audit is not required for this financial year. However due to provisions of the same act an independenl examiner is required and AM Accountancy Services appointed as extemal Accountant or Independent Examiner. Transaction and financial position The Statement of Financial Acb"vities shows net surplus for the year of £6.967 and our accumulated ftjnds stand at £104,162 in total. AM Accountancy SeNices carried out an independent examination of the acrnunts induded in Ihe report. This report, which has been prepared in accordan wth the Ststement of Recommended Practice {SORPI Accounling and Repotknng by Charitses issued in 2CK)5. Approved by the trustees and signed on its behalf by This report was approved by the Executive Committee on and signed on Iheir behalf. Mr Abdul Karim (Chairman) Date.. Mr Buthan Uddin (General Secretary) Date.. Page6 of 12
Accountsnts, Report To the Trnstees of KHADIJATUL KUBRA (R.A) EDUCATION TRUST FOR THE YEAR ENDED 31 MARCH 2024 We report on the accounts for the year ended 31 March 2024 set out on pages 8 to 12 which have been prepared under the historical cost convention and the accountsng tKJlicies set out in note 1 to the financial statements. Respective Responsibilities of Trustees and Accountants As described on page 5 the trustees are responsible for the preparation olthe financial statements. and they consider that the trust Is exempt from an audit. It 15 our responsibility to cary out proc-dures designed to enable us to report our opinion to you. Basis of Opinion We conducted our work in accordance with the Statement of Standards for Reports"ng Accountants, and so our prOdureS consisted of comparing the accounts wth the accounting records kept by the charity, and making such limited enquiries of the tnjstees and OffirS as we considered necessary for the purpose of this report. These procedures provide only the assurance expressed in our opinion. Opinion In our opinion". (a) The accounts are in agreement with the accounknng records kept by the charity under the requirements of the Statement of Recommended Practice- Accounttng and Reporting by Charities". Ib) Having regard only to, and on the basis of, the infomation contained in those accounts: {11 The accounts have been drawn up in a manner consistent with the accounting requirements specified the Statement of Recommended PraCtI- Accounting and Reports"ng by Charib"es, and (2) The charity sabsfied the condib.ons for the exemption from an audrt of the accounts foi the year specified in the Chariiies Act. (3) This unaudited Account we have prepared in aCrdan with the figure. information and explanation we have received from the management of the current committee. AM ACCOUNTANCY SF.RVICES 43 BF.N JC)N%(IN K()AD LONDON EI 4SA TEL.. 020 7790 6111 FAX". O?0 7790 8033 AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA Date". , I,./Ty Page 7 of 12
KHADIJATUL KUBRA (R.A) EDUCATION TRUST Statement of Financial Activities (Income & Expense Ststement) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total 2023 Total Notes Unrestricted Resin'cied Incoming Resources Voluntary income.. Memebership fees Friday Collections Parents Conlnbution {Madrasha) Sadqa Donab'ons ljaza Income (Cupping Income) Refurbishment Project All Other General Donab"ons 350 350 500 23.305 23,305 34,543 Other Income: Donations Via Gift Aid & Just Giving 13.135 13.135 18,051 Total Incoming Resources 36.789 36,789 53,094 Resources Expended Dlrect Charitsble Expenditure Printing, postage. stationery & Advetisement Telephone. fax and photocopies Hall Hire Light, Heat and Water Books and Matenals Transport Cleaning Wages and Volunteer expenses Education project In Bangladesh Charity Giving {UKI 20 20 200 1.548 1,548 26.566 1.¢X)O 26,566 1,000 37,468 350 Direct charitable ex enditure 29.134 29.134 38,018 Management & Adrninistration Expenses: Accountancy Advertising and promotion Bank charges Insuran CRB fee Deprectation Sundry Re airs ement & Administration Ex 400 400 400 244 244 405 45 Mana enses.. 689 689 805 Total Resources Ex ended 29,822 29,822 37,355 Net Incoming Resources I (SOurceS expended) 6.967 6.967 14,270 Net Movement funds for the period: 6.967 6,967 14.270 Total Funds Brought forward 97.195 97,195 82,925 Balance at 31 March 2024 104.162 104.162 97.195 Page8 of 12
KHADIJATUL KUBRA (R.A) EDUCATION TRUST Summary Income and Expenditure Account FOR THE YEAR ENDED 31 MARCH 2024 2024 Notes Income Total expenditure Net Surplus (Deficit) for the finanaal year 36.789 29.822 6.967 There were no recognised gains other than those induded in the Income and Expenditure Account for current year_ Page9 of 12
KHADIJATUL KUBRA EDUCATION TRUST Statement of Assets & Liabilities { Balance Sheet) As at 31 March 2024 2024 NOTE Fixed Assets Fixture, Fittings and Equipments Current Assets Cash at Bank & in Hand 115.962 115,962 Current Liabilities Amount falling due to one year Accruals NET CURRENT ASSETS I {LIABILITIES} 115.162 Creditors Amounts falling due after more than one year 11.OC(J TOTAL ASSETS LESS LIABILITIES 104.162 FUNDS: Brought Forward 97,195 ExcessllDeficitl of income over expenditure 6.967 Total Funds 104,162 The financial statements were approved by the Executive Committee and signed on their behalt. Mr Abdul Karim (Chairperson) Mr Burhan Uddin (General Secretary) Mr Mansur Hasan Ctreasurer) Dale.. Date.. Date: 01 The Notes on pages 10 to 12 fom part of the financial slatements. Page 10 of 12
KHADIJATUL KUBRA (R.A) EDUCATION TRUST FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS 1. ACCOUNTING POLICIES a. Basis of Accounting Basis of accounting The Financial Statements have been prepared under the historical cosl convenbon, as modified by the revaluats.on of certain fixed assets and investsnents measured at market value. The Financial Statements have been prepared in actordance with the Finanaal Reporb"ng Standard foi Smaller Entities {effecb"ve January 2015}. and the requirements of Accounting and Reporting by Charities." Statement of Recommended Pracbce applicable to charities prepanng their accounts in accordan with the Financial Reporbng Standard for Smaller Entities {effethve January 2015) (SORP 20151. b. Grants Revenue grants are credited to the Income and Expenditure account on a receivable basis. . Donations Donation are recorded on a reIpt basis. d. Incoming Resources Voluntary income and donations are induded in incoming resources when they are re1Vable, expt when the donors specify that they must be used in future accounting penods or donors, conditions have not been fulfilled. then the income is deferred. The income from fundraising ventures is shown gross. with the associated costs induded in fundraising costs. e. Resources Expended Resources expended are included in the Statement of Finanaal Activities on accruals basis, inclusive of any VAT that cannot be recovered. Expenditure that is direcuy attributable to speafic acbvits.es has been induded in these cost categories. Where costs are attributable to more than one acb'vtty. they have been appo"Oned across the cost categortes on a basis consistent vath the use of those resour$. f. Golng Concern Basis The financial statements have been prepared on the going concem basis. as in the opinion of the trustees. Ihere are no issues arising which would suggest any other basis as being more appropriate g. Administration Costs Administration expenditure indudes all expenditure not directly related to the charitable ath"vity. h. Taxation As a charity. they are exempt from tax on income and gains falling vnthin section 505 of the Taxes Act 1988 or s256 of the Taxabon of Chargeable Gains Act 1992 to Ihe extent that these are applied to its charitable objects. No tax charges have ansen in the ChaTrty. i. Depreciation: Depreciation is calculated so as to write off the cost of an asseL less tis estimated residual value, over the useful economic life of that asset as follows- Fixture, Fitting and Equipment.. 15 % on Reducing Balance method Page11of12
KHADIJATUL KUBRA (R.A) EDUCATION TRUST FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS Net Surplus of the Financial Year The eXsS of expenditure over income is stated after charging". 2024 Accountants, rernunerab'on Depreciation 400 Creditors and Acruals Accountancy 800 Interest Free Loan 11.(X)o FundslCapiLIl 2024 Balance at 31 March 2023 97,195 Balan at 31 March 2023 97.195 Excessl {Deficit) of Income over Expendrture 6,967 Balance at 31 March 2024 104,162 Page 12 of 12